Bitcoin holds near $81,500 after falling 2% over the past 24 hours as hotter-than-expected CPI data fueled expectations of further Federal Reserve rate hikes.

Notable Statistics:

• Coinglass data shows 89,108 traders were liquidated in the past 24 hours for $331.89 million.       
• SoSoValue data shows net inflows of $175.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $24.84 million.
• In the past 24 hours, top gainers include Bitway, Venice Token and Pearl.

Notable Developments:

• Is a Stronger Dollar Bullish for Bitcoin?
• DriveWealth to Integrate Ripple as Evernorth Deploys XRP Treasury
• Bitcoin, ETH, XRP Drop 1% Following Hot CPI Inflation Print
• Bitcoin, ETH, NEAR Are the Best Bets for the Rest of 2026, Analyst Predicts
• Ripple Adds Fourth Korean Partner but XRP Slides to $1.35
• Saylor Sees Bitcoin Above $100,000—So Why Is Strategy Willing to Sell?

Trader Notes:

Analyst Kevin expects Bitcoin to form a higher low around the upcoming U.S. midterm elections, noting that BTC bottomed in the weeks following the 2014, 2018 and 2022 elections.

He argues that higher-timeframe indicators already resemble previous market bottoms, making a fresh low historically unusual.

Kevin sees $77,000 to $83,000 support holding for a rally to $93,000 to $100,000, while a breakdown below $77,000 could trigger a pullback to $67,000 to $76,000.

Trader KillaXBT noted that Bitcoin’s decline heading into Oct. 14 could set the stage for a reversal, citing a recurring pattern over the past year in which BTC moves against bearish expectations around that date.

The trader suggested a potential rebound if the historical pattern repeats.

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